South Korea’s National Police Agency has created a task force focused on cryptocurrency-related money laundering and secured a 100 million won budget for crypto-tracking training. Police said Tether, a U.S. dollar-pegged stablecoin (crypto token designed to hold a fixed value), is being used for illicit laundering, while unregistered virtual asset exchangers are spreading across Seoul, South Korea. Authorities said they plan to pursue money laundering as a standalone offense under the Specific Financial Information Act (South Korea anti-money-laundering law), a move that underscores tighter enforcement in a market where stablecoins and informal crypto exchange services can be used to move funds outside regulated channels.